We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of REGISTERED RETIREMENT SAVINGS PLAN Clause in Contracts

REGISTERED RETIREMENT SAVINGS PLAN. Effective October 1, 1999: (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • One percent (1%) of regular earnings; or • Two percent (2%) of regular earnings; or • Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the Employer. (h) The Employer will ensure that all new employees are informed of the options available to them under this Group RRSP.

Appears in 7 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October January 1, 19992001: (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • basis: (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (h) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group RRSP to this Appendix. Effective January 1, 2001, if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for Employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October July 1, 1999:2000 (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • basis: (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (h) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group Article. (i) Effective April 1, 2001 if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for Employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 2 contracts

Samples: Collective Agreement, Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October date April 1, 1999:2000. (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • basis: (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (h) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group Article. (i) Effective April 1, 2001, if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for Employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 1 contract

Samples: Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October 1, 1999: (a) All regular employees, upon successful completion of the probationary period, shall have a one- one-time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following basesbasis: • One percent (1%) of regular earnings; or • Two percent (2%) of regular earnings; or • Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the Employer. (h) The Employer will ensure that all new employees are informed of the options available to them under this Group RRSP.

Appears in 1 contract

Samples: Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October April 1, 19992000: (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • basis: (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (h) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group Article. (i) Effective April 1, 2001, if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 1 contract

Samples: Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October date April 1, 1999:2000 (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • basis: (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e1) Employer and employee contributions will be locked in on the employee's behalf. (fe) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (gf) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (hg) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group Article. (h) Effective April 1, 2001, if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for Employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 1 contract

Samples: Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October 1, 1999: (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following basesbasis: • One percent (1%) of regular earnings; or • Two percent (2%) of regular earnings; or • Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the Employer. (h) The Employer will ensure that all new employees are informed of the options available to them under this Group RRSP.

Appears in 1 contract

Samples: Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October April 1, 19992000: (a) All regular employees, upon successful completion of the probationary period, shall have a one- one-‌ time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) basis: Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • following (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (h) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group Article. (i) Effective April 1, 2001 if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for Employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 1 contract

Samples: Collective Agreement

REGISTERED RETIREMENT SAVINGS PLAN. Effective October April 1, 1999:2000 (a) All regular employees, upon successful completion of the probationary period, shall have a one- time option of enrolling in the plan. Participation in the plan is voluntary. The employee must exercise the option within ninety (90) days of the plan coming into effect or upon completion of the probationary period. (b) Employee contributions to the Plan through payroll deduction will be on one (1) of the following bases: • basis: (1) One percent (1%) of regular earnings; or • or (2) Two percent (2%) of regular earnings; or • or (3) Three percent (3%) of regular earnings. (c) The Employer will match the contributions made by each employee. (d) Employees may increase or decrease their contribution levels, as noted in (b) above, on January 1st of each year by providing at least thirty (30) days’ written notice to the Employer. (e) Employer and employee contributions will be locked in on the employee's behalf. (f) Employers who currently have a Group RRSP in place, and which implement this Group RRSP pursuant to Article 31(a), shall terminate the current Group RRSP and contributions shall be converted to the new Group RRSP. (g) In the event that the an Employer currently participates in the Municipal Superannuation Plan (or is required to participate in the future), the Group RRSP will not be implemented (or will be terminated) for employees of the that Employer. (h) The Employer Employers will ensure that all new employees are informed of the options available to them under this Group Article. (i) Effective April 1, 2001 if an Employer does not currently participate in a pension plan (e.g. the Municipal Superannuation Plan) then participation in the group RRSP for Employees will be mandatory. No employee shall be allowed to join both a pension plan and the group RRSP.

Appears in 1 contract

Samples: Collective Agreement